Joel Libava
In a previous post, I discussed what not to do, when thinking about investing in a franchise of your own….
In this particular post, one of the concepts that were mentioned as a faddish one, was ISold It. Now a defunct franchise company, the creators thought that they could capitalize on the huge EBay buying and selling trend, by offering a small storefront operation that helps with the hassle of shipping stuff out to buyers of EBay products. Good idea, but the numbers just didn’t add up.
In another case of folks buying into a ‘fad", another franchise concept related to the EBay craze just closed it’s doors. This could be OK for the 30 or so franchisees left in the system. They could hang in there, without having to pay the royalties to corporate, anymore. Quick Drop had 95 stores in 2006.
Read the story here.
About the Author
The Franchise King®, Joel Libava, is a leading franchise expert, author of "Become a Franchise Owner!" and "The Definitive Guide to Franchise Research." Featured in outlets like The New York Times, CNBC, and Franchise Direct, Joel’s no-nonsense approach as a trusted Franchise Ownership Advisor helps aspiring franchisees make smart, informed decisions in their journey to franchise ownership. He owns and operates this franchise blog.
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